Kroger acquires Harris Teeter in $2.5 billion deal
Kroger acquires Harris Teeter in $2.5 billion deal
The Kroger Co. and Harris Teeter Supermarkets Inc. announced a definitive merger agreement July 9 under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash.
Included in the deal are Harris Teeter's 212 stores in the southeastern and mid-Atlantic markets and in Washington, DC. The stores are located primarily in high-growth markets, vacation destinations and university communities in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, Florida, Georgia and the District of Columbia.